Re: LeBron free agency is happening
A source close to LeBron James confirmed Tuesday to the Sun Sentinel that the forward has informed the Heat he has opted out of the final two years on the free-agent contract he signed with the team in July 2010.
The source said agent Rich Paul has contacted the Heat with the formal decision to exercise the early-termination option on James' contract. James had two seasons left on his contract, at $20.6 million for 2014-15 and $22.1 million for 2015-16.
James had a June 30 deadline for his decision, as do teammates Dwyane Wade and Chris Bosh, who hold similar early-termination clauses in the contracts they, too, signed with the Heat in the 2010 offseason.
-- South Florida Sun Sentinel